Newsletter rajiv bajaj 4th july 2014

1. www.csrajivbajaj.com
ec
THOUGHT OF THE DAY
“Let your Dreams be bigger than your fears and your actions be
louder than your words ”.
Law Updates :
 RBI/2014-15/117 A.P. (DIR Series) Circular No.1-"It has, however,
been decided that any financial commitment exceeding USD 1
billion (or its equivalent) in a financial year would require prior
approval of the Reserve Bank even when the total financial
commitment of the Indian Party is within the eligible limit under the
automatic route.”
 RBI/2014-15/115 RP CD.RRB.RCB.AML.BC. No. 12/07.51.018
/2014 -15Guidelines - Unique Customer Identification Code
(UCIC) for banks’ customers in India.
 CLB stayed sale of immovable property as respondents sought to
sell co’s property at under price for personal gains COMPANY
LAW BOARD, MUMBAI BENCH (Pravin N. Nahar v. Nahar
Textiles (P.) Ltd.)
PROFESSIONALS INPUTS:
 There seems to be more trouble for the Sahara Group as the Income
Tax department has now approached the Supreme Court with a tax
demand of Rs 4,800 crore for the last 3 years.
 FIPB has cleared six FDI proposals with estimated investments of
Rs 551 crore, and also has deferred a number of proposals, The
FIPB will take a call on 31 proposals of foreign direct investment
MARKET WATCH:
SENSEX: 25,864.82 41.07 GOLD (MCX): 27518.00 54.00
NIFTY: 7,724.25 9.45 USD/INR: 59.77 -0.02
SILVER: 44637.00 0.56 CRUDE OIL:6224.00 0.23
CS Rajiv Bajaj
9811453353
Bajajr66@gmail.com
youtube.com/csrajivbajaj
https://www.facebook.com/Rajiv
1Bajaj
http://www.csrajivbajaj.com
Date: 4th July 2014